27/06/2008 : Conference "The Economic Aspects of the Energy Sector in CIS Countries", Moscow, 27 June 2008

This comprehensive study, coordinated by Lúcio Vinhas de Souza at the Directorate-General for Economic and Financial Affairs (DG-ECFIN) of the European Commission, focuses on the macroeconomic aspects of the energy sector in the countries of the Commonwealth of Independent States (CIS), and on some of the challenges for fiscal, monetary and exchange rate policies arising from their reliance on the energy sector, including fiscal rules, resource curse, Dutch disease and quasi-fiscal activities. The study also covers selected aspects of the EU-CIS energy relations, looking at the potential of the CIS region as a source of energy supplies for the EU and also at current trends and reform options of the energy sector in the CIS countries.

The full study, with Executive Summaries in Russian and English, has been published as the Economic Paper no 327 of June 2008.

Conference documents (Specific copyright notice)
Programme(54 kB)
Morning Session
The energy sector and its macroeconomic importance in the CIS(158 kB)   (158 kB)  Marek Dabrowski, CASE
Key macroeconomic issues related to CIS energy sectors (254 kB)   (254 kB)   Wojciech Paczynski, CASE and Irina Tochitskaya, IPM
CIS role for the EU energy supply (127 kB)   (127 kB)   Elena Rakova, IPM
Afternoon Session
Preliminary results of a CGE model of the energy sector in Russia Oleg Lugovoy, IET
Presentation of draft World Bank flagship “ECA energy study” (194 kB)   (194 kB)   Helmut Schreiber, World Bank Comments by Lúcio Vinhas de Souza, European Commission
Strategies and policy options for the energy sector development in the CIS region (171 kB)  Emmanuel Bergasse, CASE